Universal Life Flex II

Principal Universal Life Flex II℠ (UL Flex II) provides affordable death benefit protection and premium flexibility to meet changing needs. It offers exceptional value with extended no-lapse guarantees to the lesser of age 95 or 35 years, low policy charges for strong cash accumulation, plus an automated income feature with over-loan protection. As an added benefit, experience the speed and ease of Principal Accelerated UnderwritingSM.

Choice between, optional extended no-lapse guarantees to the lesser of age 95 or 35 years, or 10-year no-lapse guarantee provision

Low policy charge structure for strong cash accumulation.

Three death benefit options available.

Clients can increase or decrease their coverage amount subject to policy and underwriting guidelines.

Automated Income feature, which enables the client to take withdrawals from the policy on a regular basis with minimal paperwork required.

Riders:

Optional Extended No-Lapse Guarantee rider guarantees the policy will not enter a grace period on any monthly date prior to the lesser of 35 years or age 95 as long as the rider is in force and the ENLG is in effect.

Chronic Illness Death Benefit Advance rider provides the opportunity for an advance of a portion of the death benefit in the event of a chronic illness.

Life Paid-Up rider provides over-loan protection, ensuring the policy does not lapse due to large outstanding loan(s). Automatically added to all policies in states where it has been approved. There is a one-time charge when the rider is exercised.

Terminal Illness Death Benefit Advance rider provides an advance of a portion of death benefit if diagnosed as terminally ill.

Cost of Living Increase rider offers the opportunity to increase the face amount without evidence of insurability, based on changes in the Consumer Price Index (CPI).

For additional information on Key Features, refer to the Important Information section below.